How to Manage the Emotional Roller Coaster of a Job Search – Harvard Business Review
How to Manage the Emotional Roller Coaster of a Job Search Harvard Business Review
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Tag: Business
Westinghouse Will Acquire Rolls-Royce’s Civil Nuclear Business
The post Westinghouse Will Acquire Rolls-Royce’s Civil Nuclear Business appeared first on POWER Magazine.
Westinghouse Electric Co. will acquire Rolls-Royce’s Civil Nuclear Systems and Services businesses in North America for an undisclosed amount under a “definitive agreement” announced on Sept. 26.
The transaction, which is subject to customary closing conditions and regulatory approvals, will see Westinghouse absorb Rolls-Royce’s civil nuclear service businesses in the U.S. and Canada, along with sites at Mondragon, France, and Gateshead, UK, which are currently part of Rolls-Royce’s Power Systems business unit.
The sale does not include the instrumentation and controls business based in Grenoble, France, but Rolls-Royce said in a statement that “remains under review.” It also does not include the company’s UK new build operations or small modular reactor activities.
The merger will conjoin two of the most traditionally significant nuclear businesses in the U.S. and the UK and give the two industry giants more clout in the global nuclear power operating plant services sector.…
BREAKING: Siemens Abandons Power and Gas Business
Siemens will spin off and give up its majority stake in its lucrative Gas and Power division—comprising its conventional power generation, power transmission, oil and gas, and related services businesses—and transfer its current majority 59% stake in Siemens Gamesa Renewable Energy (SGRE) to the new business.
The company’s supervisory board announced the spinoff on May 7 as part of its Vision 2020+ strategy concept. The board said the move would help Germany-based Siemens meet medium-term growth and profit targets by “clearly focusing its portfolio on dynamic growth markets and efficiency gains.”
The Gas and Power spinoff and transfer of SGRE stake would create a new “major player on the energy market” with a business volume of €30 billion and over 80,000 employees, Siemens said. The carveout will give the new company “complete independence and entrepreneurial freedom,” it said. Siemens said the new company will have a stock exchange listing by September 2020.
The move will create a “powerful pure play in the energy and electricity sector with a unique, integrated setup – an enterprise that encompasses the entire scope of the energy market like no other company,” explained Joe Kaeser, president and CEO of Siemens AG.…
Siemens Combining Business Units as Part of New Strategy
Siemens reported a 2% rise in industrial profit for its fiscal third quarter on August 2, topping analyst forecasts, though the German engineering giant also reported that revenue for the quarter dropped 4%. The earnings report comes as the company prepares to implement a new strategy that cuts its number of business divisions.
The company announced management changes ahead of the October 1 start of its Vision 2020+ plan, which replaces the company’s Vision 2020 outline adopted in 2014. Under the new plan, whose beginning coincides with the start of the company’s next fiscal year and is scheduled to be in place by the end of March 2019, Siemens’ five industrial divisions will be combined into three operating companies.
The company said the three operating entities—Gas and Power, Smart Infrastructure, and Digital Industries—will give its individual businesses “more entrepreneurial freedom.” The new units will work with what Siemens calls its Strategic Companies, which include Siemens Gamesa, Siemens Healthineers, and the planned Siemens Alstom train unit.…
Utility Managers Build Business Case for Digital Technologies
The rise of digital technologies for power plants has moved in fits and starts over the past several years, with some generators quickly embracing digitization of their assets while others are looking to justify potential investments.
Suppliers of digital technologies have widely marketed the benefits, but many generators are looking to current end users for information about what the implementation of digitization means for their plants. Presenters at POWER magazine’s ELECTRIC POWER Conference + Exhibition on March 22 talked about the benefits—and some of the challenges—they’ve experienced with digitization at their facilities, in a session titled “Building a Business Case for Digital Technologies.”
Phillip Yakimow, manager and principal engineer for performance monitoring for Xcel Energy; Michael Reid, general manager for technical programs for Duke Energy; Crystal Bettinger, supervisor of predictive maintenance at Westar Energy’s Jeffrey Energy Center in Kansas; and Brian Wolf, lead performance and optimization consultant for Black & Veatch, presented case studies outlining how digitization has worked at their plants.…